Bangladesh is overburdened with debt from foreign creditors controlling the shots, they said at the workshop, held in Dhaka from March 3-4. Dr Eric Toussaint, co-founder and spokesperson of CADTM International, described the global debt situation and made clear why a citizens’ audit of the debt was necessary. The question of public debt repayment is undeniably taboo, the activists said, adding that a citizens’ debt audit is a way to break the taboo. The audit enables an increasing proportion of the population to grasp the “ins and outs” of a country’s national debt process, they said. He was also a member of Ecuador’s Debt Audit Commission (Comisión para la Auditoria Integral de la DeudaPública -CAIC), created by Ecuadorian President Raphael Correa in 2007.

Source: Dhaka Tribune March 05, 2017 19:09 UTC